NVIDIA Corporation is a leading technology company primarily known for its innovations in graphics processing units (GPUs) that enhance visual computing across various applications, including gaming, professional visualization, and artificial intelligence. Beyond its strong presence in gaming, NVIDIA's products are integral to deep learning and data center solutions, empowering advancements in machine learning, autonomous vehicles, and high-performance computing. By leveraging its cutting-edge technologies, NVIDIA aims to drive the future of computing and improve experiences across industries, from entertainment to scientific research. Read More
Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA)
jumped 6% in the afternoon session after the company said it would sell more than 18,000 of its AI chips (GB300 Blackwell chips) to Saudi Arabian company Humain to be used in a 500 megawatt data-center project. The agreement also includes further expansion with "several hundred thousand" additional chips potentially planned for delivery within five years.
Shares of server solutions provider Super Micro (NASDAQ:SMCI) jumped 15.8% in the afternoon session after Raymond James analysts initiated coverage of the stock with a Buy rating and a price target of $41. The analysts called out SMCI's leadership in "AI-optimized infrastructure," noting that artificial-intelligence platforms represented approximately 70% of the company's sales.
Shares of EV charging infrastructure provider Blink Charging (NASDAQ:BLNK)
fell 11.7% in the afternoon session after the company reported weak first quarter 2025 results: Its revenue missed significantly and its EBITDA fell short of Wall Street's estimates. Most of the damage came from a sharp drop in product sales, which fell nearly 70% and pulled revenue down about 45%. Gross margin held flat, but higher fixed costs and shrinking sales volumes weighed on profits. While management hinted that order volumes improved in April, it is not clear how much growth that will translate to, though sequential improvement was expected. Overall, this was a weaker quarter.
Shares of 3D printing company 3D Systems (NYSE:DDD) fell 25.8% in the afternoon session after the company reported disappointing first quarter 2025 results: its revenue, EPS, and EBITDA missed Wall Street's estimates significantly. Revenue declined, largely tied to a drop in materials sales in the dental market, where customers cut orders to manage inventory. Looking ahead, management pulled full-year guidance, citing uncertainty in customer budgets and global tariff risks. Overall, this was a weaker quarter.
Shares of e-commerce and gaming company Sea (NYSE:SE) jumped 8.8% in the afternoon session after the company reported impressive first quarter 2025 results that blew past analysts' EBITDA expectations. In addition, its number of paying users outperformed Wall Street's estimates by a wide margin. It was also comforting that full-year guidance was maintained. On the other hand, its revenue slightly missed. Overall, we think this was a solid quarter with some key areas of upside.
Shares of waste and recycling services provider Quest Resource (NASDAQ:QRHC)
fell 5.2% in the afternoon session after the company reported weak first quarter 2025 results, its revenue missed significantly and its EPS fell short of Wall Street's estimates. Sales fell by 6% and gross profits declined, as higher costs and fewer contracts dragged performance down.
AMD announced a $10 billion partnership with Saudi Arabia's sovereign wealth fund-backed AI startup, Humain, and Uber CEO Dara Khosrowshahi stated that the company is focused on introducing autonomous vehicles in Saudi Arabia within the year.
Wall Street's rally stretched into a second session Tuesday, fueled by improving investor sentiment after an early-week breakthrough in U.S.-China trade talks, easing inflation data and fresh geopolitical headlines involving major investment pledges from the Middle East.
The deal between Nvidia and Humain came during U.S. President Donald Trump's visit to the Gulf, which includes a strategic economic pact with Saudi Arabia to boost U.S. investment in the region.
Corning and Broadcom have announced collaboration to increase data center processing capacity through a co-packaged optics infrastructure, catering to AI workloads.
Tesla (TSLA) has made an impressive comeback, rallying 40% from its lows and rejoining the $1 trillion club thanks to robotaxi hype, technical momentum, and eased US-China trade tensions. Strong bullish trends and a triple bottom formation suggest a continued uptrend, but challenges in China remain.
